HYXF vs. MHY
HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. HYXF is passively managed, while MHY is actively managed. A 0.74 correlation means they provide meaningful diversification when combined. HYXF charges 0.35%/yr vs 0.69%/yr for MHY.
Performance
HYXF vs. MHY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYXF achieves a 1.17% return, which is significantly lower than MHY's 4.09% return.
HYXF
- 1D
- -0.02%
- 1M
- 0.64%
- YTD
- 1.17%
- 6M
- 1.41%
- 1Y
- 5.28%
- 3Y*
- 8.92%
- 5Y*
- 3.58%
- 10Y*
- 5.07%
MHY
- 1D
- -0.04%
- 1M
- 1.72%
- YTD
- 4.09%
- 6M
- 4.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYXF vs. MHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.17% | 1.59% |
MHY Man Active High Yield ETF | 4.09% | 1.54% |
Correlation
The correlation between HYXF and MHY is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025 | 0.74 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYXF vs. MHY — Risk / Return Rank
HYXF
MHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYXF vs. MHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and Man Active High Yield ETF (MHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYXF | MHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | — | — |
| Martin ratioReturn relative to average drawdown | 9.22 | — | — |
Loading charts...
Drawdowns
HYXF vs. MHY - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for HYXF and MHY.
Loading charts...
Drawdown Indicators
| HYXF | MHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -1.58% | -17.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.04% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -0.29% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | — | — |
Volatility
HYXF vs. MHY - Volatility Comparison
Loading charts...
Volatility by Period
| HYXF | MHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 2.99% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 2.99% | +5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 2.99% | +5.32% |
HYXF vs. MHY - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is lower than MHY's 0.69% expense ratio.
Dividends
HYXF vs. MHY - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.08%, more than MHY's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.08% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% |
MHY Man Active High Yield ETF | 3.55% | 3.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYXF and MHY have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYXF is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYXF is cheaper with a 0.35% expense ratio, compared with 0.69% for MHY.
HYXF has the higher dividend yield at 6.08%, compared with 3.55% for MHY.
They also come from different issuers: iShares and Man Group. Their fees differ too: 0.35% for HYXF and 0.69% for MHY.
Find the right allocation for HYXF and MHY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer